Intel Announces Record Revenue Of $9.96 Billion

Intel yesterday announced record revenue of $9.96 billion for the third quarter, up 18 percent year-over-year and up 8 percent sequentially.

Third-quarter operating income was $3.1 billion, up 31 percent year-over-year and up 17 percent sequentially, and includes the impact of a legal settlement discussed below. Net income was $2 billion, up 5 percent year-over-year and down 2 percent sequentially. Earnings per share (EPS) were 32 cents, up 7 percent from 30 cents in the third quarter of 2004 and down 3 percent from 33 cents in the second quarter of 2005. Third-quarter net income and EPS included the impact of a legal settlement and tax item discussed below.

“In the third quarter, we achieved all-time records in company revenue and unit shipments across all of our major product lines,” said Paul Otellini, Intel president and CEO. “Execution remained solid as we launched our new dual-core server platform ahead of schedule and began shipping microprocessors built on our industry-leading 65nm process technology. The combination of our 65nm manufacturing network, broad range of new dual-core processors and unique ability to provide platform solutions positions us well for continued growth.”